Document title: RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on September 10, 2026
Issuing authority: Reserve Bank of India (RBI) – Department of Communication
Reference number: Press Release 2026-2027/1083
Date: September 09, 2026
Policy Rates and Liquidity
The Reserve Bank of India has announced that, after reviewing current and evolving liquidity conditions, it will conduct a Variable Rate Reverse Repo (VRRR) auction on Thursday, September 10, 2026. The auction will be executed under the Liquidity Adjustment Facility (LAF). A total notified amount of ₹6,00,000 crore will be made available for a one‑day tenor. Bidding will be open from 09:30 AM to 10:00 AM on the auction day. The reverse repo transaction will be reversed on Friday, September 11, 2026.
Regulatory and Policy Measures
The operational guidelines governing this VRRR auction will remain unchanged and will continue to follow the framework set out in the RBI Press Release dated February 13, 2020 (Press Release 2019-2020/1947). The announcement is issued under Press Release number 2026-2027/1083 and is signed by Deputy General Manager Ajit Prasad, Communications.
The RBI’s action reflects its ongoing management of market liquidity through the LAF mechanism, ensuring that short‑term funding conditions remain orderly.